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Whether you are a contractor, an independent builder or someone else who plans to begin a construction project, having an accurate estimate of the project’s costs is essential for many reasons. Your investors or the lending institution may need this information to determine whether or not to lend you money or make the investment. You can also use it to know how much to charge for your work so that you can earn a living and cover your own costs. Consider these benefits of having a professional perform construction cost estimating services for your next project.

Costs of Permits and Inspections

When you use a professional for pre-construction cost estimation, the professional should be able to give you some initial information about common fixed fees like building permits and site inspections.